Hooper Holmes (NYSE Amex: HH) today announced an expansion of its relationship with NBC National Marketing, Inc., a premier National Marketing Organization in the life insurance industry, to serve as its provider of management services. In 2011, NBC National Marketing (NBCNM) determined that a centrally managed support function would be valuable to provide administrative sales support and application processing services to its member offices. NBCNM recognized the value of partnering with Hooper Holmes to be able to offer these services. Supported by a team of brokerage-trained customer service representatives, the case management process was designed with the goal of expediting the submission-to-commission process, improving the quality of new business submissions, and improving overall placement ratios. NBCNM and Hooper Holmes began a pilot program, which consisted of several core carriers. Consistent quality performance has now led NBCNM to adopt Hooper Holmes for other key carriers. “NBCNM realizes the breadth of services available through Hooper Holmes, and after working with their team of professionals, it was obvious that we could not provide the services to our members with near the effectiveness and efficiency as Hooper Holmes,” said Jim Wolfe, NBCNM member. “There are other entities in our industry that can provide similar services, but Hooper Holmes has committed valuable resources to make sure our system is one of the best in the industry,” Wolfe added. “We are excited about the expanded partnership with NBCNM, which underscores our ability to deploy our services and industry experience to better serve our customers,” said Dan Dodson, Hooper Holmes’ Senior Vice President of Life Insurance. “NBCNM has been a great partner, and we are proud of the results that they have experienced with our team. As NBCNM looks to expand its footprint in the marketplace and provide superior service to its members, we look forward to playing an important role with them.”
About NBC National MarketingNBC National Marketing, Inc. (NBCNM) is a privately held growth company and one of the nation’s premier National Marketing Organizations for insurance related products. NBCNM member firms create a national footprint of successful independent Brokerage General Agencies, and work together to help member firms grow their business by offering a value added benefits for every affiliated producer and agency. For more information, NBCNM is accessible on the web at www.NBCNM.com. About Hooper Holmes Hooper Holmes is a leader in collecting personal health data and transforming it into useful information, enabling customers to take actions that manage or reduce their risks and expenses. With presence in hundreds of markets and a network of thousands of examiners, Hooper Holmes can arrange a medical exam anywhere in the U.S. and deliver the results to its customers. Hooper Holmes has four divisions. Portamedic provides a wide range of medical exam services nationwide. Heritage Labs tests millions of samples annually and helps life insurers improve underwriting performance by better applying the predictive powers of today’s tests. Hooper Holmes Health & Wellness performs risk assessment and risk management services including biometric screenings, health risk assessments and onsite wellness coaching for wellness companies, disease management organizations, clinical research organizations and health plans. Hooper Holmes Services reduces the insurance sales cycle through integrated data collection, tele-interviewing and underwriting services. This press release contains “forward-looking” statements, as such term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on the Company’s current expectations and beliefs and are subject to a number of risks, uncertainties and assumptions. Among the important factors that could cause actual results to differ materially from those expressed in, or implied by, these forward-looking statements are our ability to successfully implement our business strategy; uncertainty as to our working capital requirements over the next 12 to 24 months; our ability to maintain compliance with the financial covenant in our credit facility; our expectations regarding our operating cash flows; and the rate of life insurance application activity. Additional information about these and other factors that could affect the Company’s business is set forth in the Company’s annual report on Form 10-K for the year ended December 31, 2011, filed with the Securities and Exchange Commission on March 9, 2012. The Company undertakes no obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this press release to reflect the occurrence of unanticipated events, except as required by law.